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Total profit of CMES increased by 44%


In facing the complex and ever-changing international trading environment and the significantly fluctuating shipping market in 2019, the CMES has responded actively and made precise decisions with good use of the quality, scale and global operational advantages of the company's oil tanker and dry bulk cargo teams. By actively seizing the market opportunities, we have achieved good operating results, with all fleets achieving profitability. In 2019, the company achieved a total operating income of RMB 14.556 billion, with a year-on-year increase of 33.17%. The amount has realized a total profit of RMB 1.676 billion, with a year-on-year increase of 44.09%. Net profit attributable to equity holders of the Company was RMB 1.613 billion, with a year-to-year increase of 38.22%. Meanwhile, the rate of return on common stockholders' equity was 7.68% (weighted average), and the earning per share was RMB 0.27.
 
In 2020, the company will abide strictly by the overall direction and progress in a stable manner. We will seize the day for a better future, take the lead in science and technology, and embrace forthcoming changes. By adhering to the development concepts of "placing quality first, prioritizing effectiveness and benefits, and keeping a moderate scale", CMES will work around the requirements in creating the "Five First-Class" standard. We will remain proactive, hard-working, and prudently respond to short-term changes in the macro environment and the market. Meanwhile, CMES will strive to continue strengthening the company's competitiveness and strategic management capabilities while improving the brand's image during integration. By taking advantage of our superior fleets and comprehensive customer service capabilities, we will endeavor to build a world-class shipping company with core competitiveness. Through consolidation and optimization of the structure and adherence to the principle of stable operation, CMES will maintain the world-leading status of the VLCC fleet. It will strengthen the expansion of customer base, integrate and improve its operational management capabilities, maintain the world-leading status of VLOC fleet while continuously improving the competitiveness of the dry bulk fleet. The strengthening on the expansion of customer base, together with the horizontal and vertical integration of the business, will consolidate the domestic market position of the RoRo transportation business, optimize the network layout in both China and abroad, and improve the construction of a global shipping service system. It will further enhance R & D intensity and engagement while implementing digital strategies, thereby continuously improving the service quality, capabilities and responses to market changes through technological innovation. Last but not the least, CMES will strive to achieve and maintain the forefront position among global peers in indices such as operating income, profits, net asset scale, shareholder return level, and total market value.
 
Source:CMES

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